Question

Definition of otb and meaning on retailing its advantage

Answer 1

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Open-to-buy (OTB) is an inventory management system that works with your retail business. ... In other words, it helps determine the amount of inventory that you will need to purchase to meet customer demand while maintaining a positive cash flow.

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Answer 2

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An open-to-buy plan is a purchasing budget for future inventory orders that a retailer creates for a specific period.

An OTB plan helps a retailer stock the right amount of the right products at the right time by showing the difference between how much inventory is needed and how much is available.